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Dangote: Priority Investments in Infrastructure, Core Industries will Boost Nigeria’s Economy

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Aliko Dangote, President/CE, Dangote Industries Limited, (Guest lecturer) receiving an award from Engr. Mansur Ahmed, President, Manufacturers Association of Nigeria (MAN) during 50th Annual General Meeting (AGM) of Manufacturers Association of Nigeria and 2nd Adeola Odutola Lecture and Presidential Luncheon in Lagos on Tuesday, October 18, 2022

Business magnate and President of Dangote Group, Aliko Dangote has identified priority investments in infrastructure and core industries among other recommendations, as vital panaceas to boost Nigeria’s economy to its desired level among contemporary nations and in the world overall.

Against the background of the declining fortune of the manufacturing sector, the Africa’s wealthiest man urged the Federal Government to employ strategically

prioritize investments in infrastructure to reverse the trend and boost Nigeria’s economy to its desired level among contemporary nations and in the world over.

In his address as Guest Speaker at the landmark 50th Annual General Meeting of the Manufacturers Association of Nigeria (MAN) and the 2nd Adeola Odutola Lecture held yesterday in Lagos, Dangote expressed optimism also noted that with the collective effort of all stakeholders, it is feasible to move Nigeria from “developing nation” to “newly industrialized nation”.

Dangote said it is imperative that the familiar challenges limiting the pace of industrialisation are frontally addressed while setting a clear-cut agenda for the next 10 years. He identified priority investments in infrastructure and core industries among other recommendations, as vital panaceas to boost Nigeria’s economy to its desired level among contemporary nations and in the world overall.

During the AGM, themed: “An Agenda for Nigeria’s Industrialization for the Next Decade”, where a Blueprint for the Accelerated Development of Manufacturing in Nigeria 2.0 was unveiled, the foremost entrepreneur advocated jail terms for dealers in foreign textile materials in order to discourage imports and boost local production in the textile industry. For legislative backup, he also sought the enactment of a law prohibiting the sale of imported fabrics in the country.

Dangote identified various measures which needed to be put in place to allow Nigeria speed up its industrialization process and development growth. These measures included investment in infrastructure; creation of business-enabling Policy Framework; development of core industries; macroeconomic stability; facilitation of sectoral linkages and sustaining of the federal government’s recent efforts at ensuring security of lives, properties and investments across the nation.

The business titan examined the performance of the industrial sector in Nigeria; identified the nexus between industrialization and economic development with Nigeria and China as case study; analyzed the manufacturing sector in the country with focus on its growth trajectory, current status and challenges, and set an agenda for the next ten years with an implementation roadmap.

According to him, “the experience in various parts of the world has shown that industrialization drives economic growth & development, which improves living standards as evident by the high output and per capita income in industrialized countries.

“The rate of industrialization in Nigeria has been slow as evidenced by the low contribution of manufacturing to GDP, poor capacity utilization and constrained export of manufactured products within and outside the continent. For instance, Nigeria’s share of world output of 0.41%, ranked 29th in the world which is unimpressive, considering its size and resource endowments. It ranks poorly
when compared with India at (3.1%), South Korea (3.0%) and China (28.7%).

“Nigeria’s industrialization process has been greatly challenged by structural and institutional constraints, particularly funding. These factors have over the years cumulatively contributed to its disappointing performance. For instance, in the last decade, average share of manufacturing value added to GDP in countries like China and Malaysia stood at 41% and 38% respectively; compared to 25% in Nigeria.

“In terms of capacity utilization, a major performance indicator which reflects the ability of manufacturing companies to meet rising demand without increasing cost, Nigeria achieved a rate of 55% compared to 76% and 78% in China and South Africa respectively. The country’s dwindling industrial performance has significant socio-economic implications, as poverty and unemployment continue to rise.

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“From 1960 to 2003, the development trajectory of China by far outpaced that of Nigeria within the same period even though Nigeria began on a seemingly better footing. It is therefore important to track back to where Nigeria “dropped the ball” with a view to repositioning the country to the path of growth, development, and social upliftment.

“Based on the comparative analysis of Nigeria and China, one can safely make the following deductions (i) the numerical strength of a nation (population) can indeed be translated into economic wealth (ii) steady growth in manufacturing output is possible when the operating environment is conducive; (iii) no nation can easily transit from  “developing” to “newly industrialized” without a vibrant manufacturing sector; (iv) effective implementation of long term plans backed with policy consistency will promote enduring economic growth and development”, the industrialist added.

According to Dangote, “Nigeria’s manufacturing sector is dominated by light manufacturing with only a few firms operating in the heavy segment of the sector. There are several factors that need to be in place to accelerate the growth of the manufacturing sector in Nigeria. These include: security and rule of law, industry-oriented government policy; adequate infrastructure; industry-oriented Research & Development (R&D); a well-developed SME sector; building of human capacity, and embrace of technology to improve efficiency through automation of manufacturing processes.

On current status of the manufacturing sector, Dangote noted that manufacturing was singled out in the Nigerian Industrial Revolution Plan (NIRP) as the driver of industrialisation and economic growth.

“The contribution of manufacturing to Real GDP in Nigeria contrasts with what was obtained in countries like China (27.16% in 2019); Germany (19.11%); Japan (20.74%) and South Africa (13.53%). To drive industrialization and sustained economic growth in Nigeria, it is important that deliberate policies that are manufacturing-specific should be designed to support manufacturing activities and address the perennial challenges of the sector. It is important to note that the current government policies, if fully implemented, are good enough to address most of the challenges we are now facing,” he said.

Among manufacturing challenges, he identified acute shortage of forex; dearth of long-term funds; limited infrastructure; policy inconsistency/implementation/ enforcement; over-regulation; multiple and high taxes for the industries (the manufacturing sector is beset with over thirty statutory taxes, levies, fees, etc. charged at multiple tiers of government), and insecurity.

According to Dangote, “In consideration of the afore-mentioned challenges, there is an urgent need for a shift in policy approach and strategy to reposition the manufacturing sector for growth over the next ten years. It is imperative that the familiar challenges limiting the pace of industrialization are frontally addressed while setting a clear-cut agenda for the next 10 years.”

While setting an agenda for the next 10 years, Dangote said, “To achieve industrialization goals, it is necessary for a nation to formulate plans and policies that will enhance and sustain industrial development. Sustainable industrial development involves establishment of a conducive environment to encourage investment and ensure efficient usage of resources to increase productivity and growth of the nation.

“Nigeria needs to henceforth intensify efforts at promoting industrialization with specific focus on the attainment of the following targets in the next 10 years: 15% manufacturing sector growth, 20% manufacturing contribution to GDP, 15% growth in export of manufactured products, 10% increase in the share of manufacturing to total export merchandise, stronger inter-industry linkage between SMEs and large corporations, improved manufacturing contribution to Government tax revenue and 20% increase in manufacturing employment”, he added.

In his conclusion, Dangote noted that, “The drive to transform Nigerian into an industrialized nation has been a consistent goal of successive governments since independence. It is therefore, imperative that we focus on sectors with great potential for inclusive growth. Sustainability must be central to our industrial development agenda.

“There is also the need for government (at all tiers) to ensure that they consult widely with relevant stakeholders when taking far reaching decisions on key sectors of the economy. This will make it much easier for manufacturers to make long-term business plans. In addition, policies that have been “tried- and- tested” should be backed with an Act of parliament to give them legal backing and make them less susceptible to arbitrary changes by successive governments.

“Industrialization, driven by manufacturing, has the capacity to facilitate enduring economic growth. The transition mechanism entails the availability of required resources, of appropriate technology, provision of favourable operating environment, human capital development, stable macroeconomic environment and adequate infrastructure. With the collective effort of all stakeholders, it is feasible to move Nigeria from “developing nation” to “newly industrialized nation” status within the next 10 years”, he added.

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North-west Development Commission Partners Dala Orthopaedic To Make Quality Health Care Affordable

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Professor Abdullahi Magaji ,MD Northwest Development commission

 

 

The North-West Development Commission is partnering Dala Orthopaedic Hospital Kano, to explore ways of making quality healthcare more affordable to patients in the country.

This was disclosed by the Managing Director (MD) of the Commission, Professor Shehu Abdullahi Ma’aji recently in Kano when he hosted the Chief Medical Director of the Dala Orthopaedic Hospital, Dr. Isa Nurudeen.

Professor Abdullahi maintained that, as an intervention agency, the Commission would carry out a needs assessment of the operational requirements of the hospital, most especially on the energy component, required to power the hospital’s sophisticated equipment, based on which the Commission would come up with a partnership framework that would support in minimising the running and maintenance cost burden on the hospital.

He expressed the hope that, by the time the Commission wades in and subsidise the operational cost, the gesture would automatically translates into reduction of service charge on respective patients.

Professor Abdullahi explained the Commission’s readiness to extend similar gesture to Aminu Kano Teaching Hospital (AKTH), Ahmadu Bello University Teaching Hospital Shika, Zaria; and Danfodio University Teaching Hospital, Sokoto.

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He observed that all the three hospitals situated within the North-West region of the country “offer their services to generality of mankind” and as such, should be supported in whichever way possible to enhance the quality of their service delivery system; and to as well make the services more accessible and affordable.

Professor Abdullahi added that training of technical personnel on equipment operation and maintenance would be another component of the partnership between the two organisations. This is to ensure that operation and maintenance challenges are immediately tackled without waiting for the manufacturers to intervene.

He expressed the believe that by the time these healthcare facilities function optimally, it would reduce the frequency of Nigerians travelling overseas on medical tourism and would in turn boost Nigerian economy.

Earlier in his submission, the Chief Medical Director of Dala Orthopaedic Hospital, Dr. Isa Nurudeen explained that the purpose of the visit was to solicit the support
and assistance of the Commission to tackle some of the operational challenges facing the hospital.

He specifically emphasised on the energy needs to power their equipment, most especially the new sophisticated MRI machine recently donated by the NNPCL.

He explained that for the machine to operate optimally, it needed to run 24 hours continuously on electricity which is costly and beyond what the hospital management could afford considering the high cost of electricity from the national grid and the prohibitive cost of diesel in the country.

He then appealed to the Commission to come in and assist in providing a sustainable alternative source of energy to power the equipment.

The North-West Development Commission was established in 2024 by Mr. President, Asiwaju Bola Ahmed Tinubu to among others, accelerate infrastructure development and address long standing developmental gaps across the region.

In a statement by Abdulrashid Safana the Head press and public relations says the core mandate areas include security, agriculture, health, education, environment, women and youth development.

 

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Atiku Replies Obasanjo, Says He Has No Regret Thwarting the Third Term Agenda

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By Yusuf Danjuma Yunusa

Former Vice President Atiku Abubakar has said his opposition to the alleged third-term agenda of former President Olusegun Obasanjo was driven by his commitment to Nigeria’s constitutional democracy and not personal hostility towards his former principal.

Mr Atiku, who is the presidential candidate of the African Democratic Congress, ADC, stated this while responding to Mr Obasanjo’s latest criticism of him.

In a statement issued on Saturday by his Senior Special Assistant on Public Communication, Phrank Shaibu, Mr Atiku said the former president’s remarks were an attempt to rewrite history and diminish his role in the administration that governed Nigeria between 1999 and 2007.

He said he received Mr Obasanjo’s comments with sadness rather than anger, arguing that the former president had allowed personal resentment to influence his account of their political relationship.

Mr Atiku said the source of Mr Obasanjo’s alleged hostility towards him was well known to Nigerians, linking it to his refusal to support the reported move to amend the Constitution to allow the former president to seek another term in office.

“I am proud that I stood against the third-term agenda. I am proud that I stood by the Constitution of the Federal Republic of Nigeria. I have no apology whatsoever for frustrating every attempt to subvert our democracy for personal ambition,” he said.

“If Chief Obasanjo’s bitterness stems from my refusal to support an unconstitutional third term, then I wear that resentment as a badge of honour. No individual, regardless of his status or accomplishments, is bigger than the Federal Republic of Nigeria.

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“The Constitution is supreme, and I chose Nigeria over personal loyalty.”

The former vice president said the resistance to the third-term agenda was not a personal battle between him and Mr Obasanjo but a struggle to preserve Nigeria’s constitutional democracy.

“The Nigerian people won that battle. Democracy won that battle. History has already delivered its verdict,” he said.

Mr Atiku said it was unfortunate that Mr Obasanjo, whose alleged ambition was resisted, was now criticising those who defended the Constitution.

He also referred to recent comments by the Director-General of the World Trade Organisation, Ngozi Okonjo-Iweala, who, according to him, praised the economic management team of the Obasanjo administration and described it as the best Nigeria had produced.

Mr Atiku said the timing of the comments, coming shortly before Mr Obasanjo’s latest criticism, was for Nigerians to interpret.

“Whether or not the timing is merely coincidental is for Nigerians to judge. What is beyond dispute, however, is that while distinguished Nigerians who served at the highest levels continue to acknowledge my contributions to one of Nigeria’s most successful periods of economic management, Chief Obasanjo appears determined to diminish them,” he said.

“Chief Obasanjo may choose not to appreciate my role in building one of Nigeria’s most prosperous economic eras, but history has been far kinder. The record speaks for itself, and so do the testimonies of those who worked closely with that administration.”

Mr Atiku also recalled his relationship with Mr Obasanjo before the latter became president in 1999, claiming that he supported the former military ruler during his period of incarceration and contributed to his political return.

“History records that while Chief Obasanjo was in prison, I stood firmly by him. I supported his family, worked tirelessly with other patriots for his release and never wavered in my belief that he deserved his freedom,” he said.

“When he eventually regained his freedom, he had little to his name. I received him, clothed him, ensured he was properly cared for and extended every support necessary to help him regain his footing.

“Beyond that, I mobilised political structures, built alliances and made enormous personal and political sacrifices that culminated in his emergence as President of the Federal Republic of Nigeria.”

Mr Atiku said he had no regrets over his support for Mr Obasanjo, adding that acts of kindness should not be undertaken with the expectation of repayment.

“Do I regret helping Chief Obasanjo? Absolutely not. When God gives you the opportunity to lift another human being, you do so without expecting repayment.”

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Gwamna Petitions IGP, Seeks INTERPOL Probe Over Alleged Coordinated Fake News Campaign

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The All Progressives Congress (APC) governorship candidate in Gombe State, Dr. Jamilu Isyaku Gwamna, has formally petitioned the Inspector-General of Police over what he describes as a coordinated campaign of cyberbullying, criminal defamation and fake news allegedly orchestrated to damage his reputation ahead of the 2027 governorship election.

Highly placed sources familiar with the petition disclosed that Gwamna requested an immediate investigation by the Nigeria Police National Cybercrime Centre, with the involvement of INTERPOL, following intelligence suggesting that some of those behind the online attacks may be operating from outside Nigeria.

The petition reportedly names several social media accounts accused of publishing false claims that the APC candidate had been arrested and detained by the Economic and Financial Crimes Commission (EFCC), allegations which Gwamna categorically denies.

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According to the sources, the petition describes the publications as a carefully coordinated disinformation campaign designed to mislead the public, injure his reputation and manipulate public perception at a time when his political profile and grassroots support continue to grow across Gombe State.

The petition reportedly urges the Police to obtain subscriber information, IP logs and other digital evidence from Meta Platforms, identify the sponsors and financiers of the campaign, prosecute all those found culpable and secure the removal of the offending publications.

Political analysts believe the latest development underscores the increasingly desperate tactics being deployed as the Gombe governorship contest gathers momentum.

Observers note that Dr. Gwamna’s emergence as the leading contender has significantly altered the political landscape in the state, with his growing acceptance across different constituencies unsettling sections of the opposition.

Rather than engage on policy, programmes and the future of Gombe State, critics say some political actors appear to have embraced misinformation, character assassination and cyberbullying in an attempt to slow the momentum of his campaign.

Supporters of the APC candidate expressed confidence that the petition would expose those behind what they describe as an organised smear campaign and reaffirmed their belief that the electorate would ultimately judge candidates on competence, integrity and their vision for the state.

As of the time of filing this report, neither the Nigeria Police Force nor the EFCC had publicly commented on the petition.

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